Cars, Bears and Satellites

There are a few stories on time.com today that may be of interest to China Blog readers: Bruce Crumley writes from Paris about China’s growing role in the satellite launch business; Michael Schuman has a piece from Hong Kong about why the expectations of a quick economic recovery in China are mostly hype; and I’ve got a story on why Beijing’s efforts to aid the domestic auto manufacturing industry are leaving Washington’s Detroit rescue plan in the dust.

Related Topics: China
  • Latest on Global Spin

    Pablo Martinez Monsivais / AP

    Obama’s Afghanistan Problem: Neither Karzai Nor the Taliban Like the ‘Reconciliation’ Script

    President Barack Obama huddled with President Hamid Karzai in Chicago on Sunday, urging Afghanistan’s leader to accelerate negotiations with the Taliban over a political solution to the longest war in America’s history. But the prospect for Karzai negotiating successfully with the insurgents is clouded by a question raised by Josef Stalin, on the eve of World War II, in response to the suggestion that he offer concessions to the Pope: “How many divisions does he have?” The Taliban now ask the same question about Karzai. And should the Afghan leader also ask himself the question, he might reach a similarly dispiriting conclusion. Karzai’s independent power base is minimal, as is his ability to influence the outcome of his country’s civil war absent direct U.S. involvement. And that gives neither Karzai nor the Taliban much incentive to cut a deal with the other.

    JOSEPH EID/AFP/GettyImages

    Must-Reads from Around the World, May 21, 2012

    Spillover - Lebanon’s Daily Star reports on escalating violence inside the country after soldiers shot dead a prominent anti-Bashar al-Assad Muslim preacher Sunday. “The gravity of the incident… prompted leaders on both sides of the political divide to call for calm and restraint to prevent the country from sliding into sectarian strife as a result of a spillover of the 15-month-old uprising in neighboring Syria,” it says.

    UPPA / ZUMAPRESS

    A Royal Party: Britain Celebrates 60 Years of Queen Elizabeth II

    From parades to concerts, and even tea with commoners, 86 year-old Queen Elizabeth II is traversing the United Kingdom to commemorate her Diamond Jubilee.

  • johnsmith9876

    The quick economy recovery in China is not hype. It will happen. If you don’t believe this, just read the stats that will surely come out from the Chinese government to prove it.

    BTW, the US government should not rescue the big three. The US government should just let them fail, and in bankruptcy, the big three can get rid of all the unreasonable clauses in their union contracts. I know, this is union busting. But it needs to be done.

    And US government should legislate that all pensions funds must be held in trust by a third party, and not the employer. And all pensions must be fully funded, with contribution from both employers and employee. Any medicare for pensioners by employers must be funded as part of the pension plan, through a third party trust.

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